Obigo (XKRX:352910) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Obigo Debt-to-Equity?

Obigo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩539 Mil. Obigo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩791 Mil. Obigo's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₩36,759 Mil. Obigo's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Obigo's Debt-to-Equity or its related term are showing as below:

XKRX:352910' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 27.83
Current: 0.04

During the past 5 years, the highest Debt-to-Equity Ratio of Obigo was 27.83. The lowest was 0.01. And the median was 0.05.

XKRX:352910's Debt-to-Equity is ranked better than
82.42% of 2213 companies
in the Software industry
Industry Median: 0.21 vs XKRX:352910: 0.04

Obigo Debt-to-Equity Historical Data

The historical data trend for Obigo's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Obigo Debt-to-Equity Chart

Obigo Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

-0.10

-0.11

27.83

0.11

0.03

Obigo Quarterly Data
	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											0.03	0.02	0.01	0.04	0.04

Competitive Comparison of Obigo's Debt-to-Equity

For the Software - Infrastructure subindustry, Obigo's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Obigo's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Obigo's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Obigo's Debt-to-Equity falls into.

Obigo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Obigo's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(834.488	+	329.027)	/	35027.529
	=	0.03

Obigo's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(538.878	+	790.598)	/	36758.746
	=	0.04

Obigo (XKRX:352910) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Obigo Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Obigo's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Obigo (XKRX:352910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Obigo Inc (XKRX:352910) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

338 Pangyo-ro, 3rd Floor, Gyeonggi-do, Bundang-gu, KOR, 13493

Website

https://www.obigo.com

Obigo Inc is a web service company. It is a provider of rich internet services and software products in the mobile software industry. The range of solutions includes HTML5 browser, App Framework, and Web applications for various devices and platforms such as Automotive, Smartphones, Smart TVs, and other consumer electronics.

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